The carrier is a corporation of the State of Pennsylvania, having its
principal office at Endeavor, Pa. No accounting records of the carrier
were obtained for the period from the date of incorporation to
June 30, 1914. Therefore, no information can be given from
the accounts regarding its financial dealings, corporate operations, or
investments during that period. The carrier is controlled by the firm
of Wheeler and Dusenbury, a lumber-mill organization, through ownership
of a majority of its capital stock. On the other hand, the records
reviewed do not indicate that the carrier controlled any common-carrier
corporations. The property of the carrier has been operated by its own
organization during its entire life.

CORPORATE HISTORY

The carrier was incorporated May 18, 1887, under the general laws of the State of Pennsylvania.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier extending from West Hickory to
McDonalds, Pa., 5.473 miles, was all acquired by construction. The road
was built by Wheeler and Dusenbury for account of the carrier. The
section from West Hickory to Endeavor, Pa., about 2.5 miles, was opened
for operation in 1887, and the remainder from Endeavor to McDonalds,
about 3 miles, was opened for operation in 1892.

TRAFFIC CONNECTIONS

The railroad of the carrier has connections for the interchange of
traffic at West Hickory with the line of the Western New York and
Pennsylvania Railway Company.

LEASED RAILWAY PROPERTY

The carrier leases a portion of its rail and certain fastenings from
the Western New York and Pennsylvania Railway Company. It also uses
jointly with various noncarriers the bridge across the Allegheny River
at West Hickory, Pa., belonging to the Hickory Bridge Company. The
bridge is operated as a toll bridge for both vehicular and railroad
traffic. The carrier is charged for its use on a car and locomotive
movement basis. The records reviewed do not separately account for any
rental paid for the above property.